Cb&S Bank Mortgage Lending & HMDA Data, 2008
In 2008, Cb&S Bank of Russellville, AL reported 884 mortgage applications totaling $71.0 million, up 4% from 2007. The average application was for $80,268, and applicants reported an average income of $57,680. 77% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Florence-Muscle Shoals, AL (83), Decatur, AL (66) and Huntsville, AL (15) (applications in parentheses).
| Mortgage Company & Address | Cb&S Bank 200 Jackson Ave. S. Russellville, AL 35653 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 884 |
| Total Mortgage Loan Application Amount | $70,957,000 |
| Average Mortgage Loan Application Amount | $80,268 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $57,680 |
| Highest Applicant Income | $1,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cb&S Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Cb&S Bank in 2008
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 555 | $44,766,000 | $80,000 | $1,300,000 | $57,000 | $730,000 |
| Home Purchase | 231 | $24,093,000 | $104,000 | $2,500,000 | $63,000 | $1,600,000 |
| Home Improvement | 98 | $2,098,000 | $21,000 | $143,000 | $49,000 | $258,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 656 | $47,298,000 | $72,000 | $2,500,000 | $65,000 | $1,600,000 |
| Black or African American | 107 | $4,678,000 | $43,000 | $420,000 | $43,000 | $166,000 |
| Hispanic | 56 | $2,664,000 | $47,000 | $160,000 | $35,000 | $99,000 |
| Not applicable | 51 | $12,618,000 | $247,000 | $1,300,000 | $0 | $0 |
| Not Provided | 5 | $327,000 | $65,000 | $148,000 | $55,000 | $89,000 |
| American Indian or Alaskan Native | 5 | $1,718,000 | $343,000 | $1,280,000 | $192,000 | $730,000 |
| Asian | 4 | $1,654,000 | $413,000 | $1,054,000 | $95,000 | $233,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 881 | $70,657,000 | $80,000 | $2,500,000 | $58,000 | $1,600,000 |
| FHA-insured (Federal Housing Administration) | 2 | $157,000 | $78,000 | $123,000 | $29,000 | $44,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $143,000 | $143,000 | $143,000 | $73,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 681 | $54,258,000 | $79,000 | $2,500,000 | $59,000 | $1,600,000 |
| Application Denied By Financial Institution | 119 | $7,722,000 | $64,000 | $340,000 | $42,000 | $274,000 |
| Application Withdrawn By Applicant | 84 | $8,977,000 | $106,000 | $450,000 | $65,000 | $300,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 77 | $4,071,000 | $52,000 | $225,000 | $40,000 | $233,000 |
| Debt-To-Income Ratio | 33 | $2,932,000 | $88,000 | $340,000 | $42,000 | $138,000 |
| Collateral | 3 | $106,000 | $35,000 | $75,000 | $35,000 | $65,000 |
| Other | 2 | $369,000 | $184,000 | $244,000 | $161,000 | $274,000 |
| Employment History | 2 | $94,000 | $47,000 | $93,000 | $24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $150,000 | $75,000 | $78,000 | $26,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cb&S Bank's 2008 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Cb&S Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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